Weekly African Footprint: August 07, 2015

Below is a headline summary of our Weekly African Footprint. Please click here for more detailed reports. It includes the following:

Quick summary table displaying the performance of all the African Stock Exchanges and African currencies on a WTD and YTD basis. Summaries of the keys markets and relevant economic and corporate news.

Do not hesitate to contact us should you require further information.

Botswana

•  Botswana Bucks Trend as Africa Central Banks Tighten Policy

Egypt

•  BW Gas to provide Egypt with floating LNG terminal: EGAS
•  Emaar Misr's IPO buyback offer heavily oversubscribed
•  Emaar Misr says H1 net profit up 283 pct to $66.7 mln
•  Sidi Kerir H1 profit falls to 421.8 mln Egyptian pounds
•  Egypt's Global Telecom reports $28mln Q2 net profit
•  Egypt expects to import 7.79 mln tonnes of LNG this fiscal year
•  Egypt Brief - British arms sales to Egypt increased by 3000 pct during Sisi: Newsweek
•  Egypt central bank keeps benchmark rates unchanged: Statement
•  Egypt's business activity falls in July as production drops
•  Egypt awards five oil and gas concessions worth $100 mln
•  Egypt Brief - Foreign direct investment increased 193 pct: C. Bank
•  C. Bank says foreign reserves decline of $ 1.5 billion
•  Egypt's business activity falls in July as production drops: PMI

Ghana

•  SIC's premium in 2014 grows by 17.85%
•  Ayrton Drug determined to make profit
•  Ecobank announces board changes
•  FNB commences Ghana operations this month
•  Ghana, Germany sign two financial agreements
•  Government urged to offload shares in listed comp

Kenya

•  Safaricom seeks TV station licence with eyes in Internet broadcast
•  Kenya's Equity Bank posts 12 pct jump in first-half profit
•  Kenya says national airline may need $500-$600 mln bailout
•  Kenya's Nation Media's H1 profit falls after TV shutdown
•  Kenya Central Bank Urges Slower Pace on Bank Consolidation
•  Kenyan hoteliers see signs tourism slump has bottomed out
•  Kenyan shilling steady as tight liquidity offers support

Mauritius

•  Mauritius' business confidence ticks up in Q2, remains low
•  Mauritius offers 2-year central bank note worth 1 bln rupees
•  Mauritius inflation at 0.6 pct year-on-year in July

Nigeria

•  Starcomms Limited, 25 Others Makes Fidelity Bank's N16.126bn Debtors' List
•  Skye Bank Posts N10.07 Billion Profit in Six Months
•  Barclays seeks engagement in Nigeria, consolidates African units
•  MTN approaches CBN for early repayment of $600m debt
•  Access Bank Introduces Scheme to Ease Customers' Trade
•  FBN Holdings Foresees Slower Profit Growth as Oil Falls
•  Zenith Bank Mulls Interim Dividend Payment
•  Shell declares force majeure on Nigerian gas supplies to NLNG
•  CBN's N213bn power fund to be disbursed in 3 weeks
•  Nigeria's Buhari seeks to cut recurrent expenditure in 2016 budget
•  IMF: Nigeria's Financial Penetration Rate Still Low
•  New head of Nigeria's state oil company sacks top management
•  Naira Rebounds on Parallel Market after CBN Dollar Sale
•  Nigeria central bank acts to curb speculation and support naira

Tanzania

•  EABL to defend Tanzania investment
•  Financial magazine crowns NMB best bank in three years
•  TOL finances show positive turn-around
•  Yetu microfinance extends IPO period
•  Standard Chartered Bank records strong first half performance
•  Tanzania cuts diesel, kerosene prices; raises petrol
•  Local cement makers call for level playing field

Zambia

•  Canada's First Quantum Minerals to lay off 1,480 workers in Zambia
•  Dangote to double Zambia cement investment to $900 mln
•  First Quantum says Zambia's electricity utility restores power
•  Low liquidity affects lending
•  Zambia to benefit from over 70m for agriculture

Zimbabwe

•  Zimplats records a loss after royalties of $33 million
•  Delta records a decline in revenue
•  $40m boost for Blue Ribbon
•  Meikles to invest $100m
•  First Mutual partners Momentum Health
•  Old Mutual posts $33,1m profit
•  Economy has stalled, GDP growth projections too ambitious
•  Zim-Mozambique trade grows 64pct in two years
•  World Bank economist says Zim companies need support, not protectionist measures
•  Zimbabwe receives $210 mln in foreign loans for projects
•  RBZ targets 5% NPLs by 2016
•  Zimbabwe banks agree to lower interest rates - c/bank
•  Zimbabwe eyes Swedish market